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20121101
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CNBC
Nov 26, 2012 3:00pm EST
. nasdaq higher by 70 point. >> violent protests in egypt are one of the many hot spots around the globe affecting our markets. we'll round off all of them and find out how they are affecting your money coming up next. >>> plus, one top democrat says members of his party threatening to jump off the fiscal cliff. they say, do it already! he says that's a business mistake. sandra levin joins us from capital to tell us why he thinks it's a baddied. working since i was about 16.n you know, one job or the other. the moment i could access the retirement plan, i just became firm about it -- "i'm done. i'm out of here." you know, it's like it just hits you fast. you know, you start thinking about what's really important here. ♪ ♪ >>> welcome back. shares of auto nation down sharply at this hour. kayla stepping in to tell us why. >> the volume that's leading auto nation down better than 5%, that stock has seen an unbelievable amount of weakness throughout the last month during which a bunch of insiders decided to sell their shares. you can see it's down better than 5% today. there was some bu
CNBC
Nov 19, 2012 3:00pm EST
that's so different this time around is the role of egypt is completely different because the arab spring has happened. we used to kind of know where -- we knew exactly where hose any mubarak stood. >> are they a mediator? an instigator? >> i don't think they know. >> they're trying to figure out their role. i'm not trying to minimize what's going on but i think traders are using this as an excuse to bid oil prices higher. we're not at a point we're seeing evidence that you can see a cut-off in oil supplies, especially for new york oil. >> that's ultimately the question. will there be a disruption? what series of events would occur to stop the flow of oil? >> suez canal, wherever it is, we're not there yet but trading it up just in case -- >> it ignites something wider. >> our own oil market in new york trades more on our economic fundamentals and tends to follow brent, not the other way around these days. brent's been going higher. >> london brent is far more influenced than by what's going on in texas. >> you bet it is. as the oil market goes, lately, the stock market has gone in the sa
CNBC
Nov 14, 2012 3:00pm EST
government has recalled their ambassador from israel. the israeli ambassador will be leaving egypt within a few hours. this attack in gaza is becoming an international event, which could threaten to make the region even more volatile. >> martin fletcher, thank you very much. maria. >> well, the attack having a major impact on the oil market today. we're watching prices move up. bertha coombs is here with that angle. over to you. what can you tell us? >> as those headlines cross, and in particular the headlines coming from israel that this was the beginning of a prolonged effort to combat hamas. that is what september oil spiking up 1% on a day when after poor retail sales, we really were seeing not much movement at all. traders are saying this definitely puts the geo political risk on the table as martin describes. the fact this could spread and cause more destabilization in the area. what they look for as well, this is not an oil producing area. this could spread. what it means if israel is willing to act so forcefully with regard to israel, perhaps, and iran. that is the big picture and
CNBC
Nov 23, 2012 1:00pm EST
violence in egypt. after a decree by egyptian president mohamed morsi that put his decisions above legal challenge. protesters accusing him of a coup. all eyes of course on egypt, as well as israel and gaza where the cease-fire is still in place. oil prices also saw additional port on the news out of europe, optimism over greece today. west texas intermediate closing above $88 a barrel, up 1% in this short rned session. brent risie ining as well but slightly less than that. >>> nonetheless, energy prices apparently are about to get lower. our next guest is talking 70s on crude for next year. john, why are you so bearish on oil for next year? >> a couple of things. global economy doesn't look all that great for next year particularly in europe. they have a lot to get together, the greece situation. we're also now -- >> it's going to get worse than it is this year. >> yeah. iea, opec itself all looking for demand declines next year in terms of growth. also, two things that bedevilled the brent market this year, troubles out of the north sea, constantly having problems with production
FOX Business
Nov 28, 2012 3:00pm EST
border between egypt and libya and so forth. liz: let's do the low hanging fruit first. i know the oil companies gather to talk about contracts for 2013. they're back to prewar numbers, 1.6 million barrels per day. a lot of the infrastructure would get back up to that. >> yes, i did. liz: is it updating infrastructure, what would it be? >> libya right now really looking to develop the oil services, looking to develop their oilfield, also upgrading refineries plenty more market for our high-quality oil. but also more so interested right now to develop, to bring the telecommunications from two g. to 3g. they're looking for infrastructure to do that. liz: you just said you're they'e looking for people to come do that. if i am a u.s. business, they're looking to lure companies, there isn't really a solid full of government yet, no constitution, what is the new leadership that comes in and changes everything and companies that struck a contract with one leadership group is all changed. >> i'm happy to announce we have elected very recently not even a month a new prime minister, governme
Search Results 0 to 4 of about 5